OILU News and Press, ProShares UltraPro 3x Crude Oil From 05/11/22

The oil report by EIA today will pretty much capture what it will look like until October. US SPR will keep hitting commercial crude storage to the tune of ~7 million bbls a week, so commercial crude storage will build. Product storage will keep leading the way lower as refineries...

Crude oil price volatility has spiked as traders react to news about Russia’s invasion of Ukraine and potential supply and demand uncertainties. But traders’ fear and greed may also be playing a major role in price changes. I created an algorithmic trading strategy a...

Gainers: ETFMG Daily Alternative Harvest 2X ETF (MJXL) +34%. Ultra Bloomberg Natural Gas ETF (BOIL) +27%. Microsectors Oil & Gas Exp. & Prod. 3X Leveraged (OILU) +26%. Ipatha.B Nickel Subindex TR ETN (JJN) +26%. S&P Oil & Gas Expl Bull 3X Direxion (GUSH) +23%. Losers: Homebuil...

Gainers: Ultra Bloomberg Crude Oil ETF (NYSEARCA:UCO) +43%. MLCX Grains Index TR ETN Elements (NYSEARCA:GRU) +40%. Teucrium Wheat (NYSEARCA:WEAT) +34%. Microsectors Oil & Gas Exp. & Prod. 3X Leveraged (NYSEARCA:OILU) +33%. Microsectors U.S. Big Oil Index 3X ETN (NYSEARCA:NRGU) +31%. L...

Multiple factors have added to the current bullish oil markets: 1) Demand resurgence 2) Inventory depletion 3) Energy crisis 4) Supply concerns 5) Falling spare capacity 6) Geopolitical tensions. However, following factors are being ignored: 1) Increased U.S. Shale production 2) Highe...

Gainers: Microsectors U.S. Big Oil Index 3X ETN (NYSEARCA:NRGU) +18%. Microsectors Oil & Gas Exp. & Prod. 3X Leveraged (NYSEARCA:OILU) +16%. Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU) +16%. Direxion Daily Metal Miners Bull 2X (NYSEARCA:MNM) +15%. FTSE China Bull 3X Direxion (...

Gainers: FTSE China Bear 3X Direxion (NYSEARCA:YANG) +18%. S&P Oil & Gas Expl Bear 3X Direxion (NYSEARCA:DRIP) +17%. Microsectors -3X U.S. Big Oil Index ETN (NYSEARCA:NRGD) +15%. S&P Biotech Bull 3X Direxion (NYSEARCA:LABU) +15%. Microsectors Fang+ -3X ETN (NYSEARCA:FNGD) +14%. Lo...

REX Shares, LLC (“REX”) is pleased to announce the launch of two new MicroSectors Exchange Traded Notes (“ETNs”) issued by Bank of Montreal (“BMO”) linked to the Solactive MicroSectors™ Oil & Gas Exploration & Production Index (ti...

After the impressive short-covering rally of the last two weeks, stocks have hit the proverbial wall as low oil prices continue to cast a deflationary shadow over the global economy. In this report, I'll explain why it's important for the energy sector to bottom out before the equity market is...

Overview Global equities are finishing the week on a soggy tone despite the 2%+ gains seen in the US yesterday. The extension of shutdowns, rising contagion and fatality rate, and imploding economies weigh on prices. In Asia, Korea and Indonesia bucked the trend to most minor gains. Europe i...